Business
Markets
Opinion
World markets
The crypto crash is a wake-up call for the deluded
Cryptocurrency was meant to replace our giant financial institutions. But if a couple of companies have the power to crash the entire market, it doesn’t look so safe after all.
- by James Titcomb
Latest
‘Bear-market blues’ test mettle of devout bitcoin believers
With bitcoin caught in the throes of its worst slide in years, analysts are wading through a number of indicators to see at what point even more investors might start to throw in the towel.
- by Vildana Hajric
‘Hits just keep coming’: Inflation fears could spark retail meltdown
As interest rates rise and inflation bites, Aussie retailers are being warned they will soon face the toughest conditions in more than a decade.
- by Emma Koehn and Jessica Yun
‘Walking a tightrope’: Recession fears wipe billions off the market
The local sharemarket has slumped to its worst session since the start of the pandemic, amid predictions superannuation funds will make negative returns of -4 to -5 per cent this financial year.
- by Clancy Yeates and Simone Fox Koob
The Wrap: ASX goes into correction with $80b rout
The Australian sharemarket plunged into correction territory on Tuesday after US inflation numbers indicated interest rates will need to rise more than financial markets expected.
- by Colin Kruger
Opinion
Shares
The Mexican wave: Global sharemarket plunge hits Australia
The inflation virus is no longer just affecting the higher-risk tech stocks but also dragging down the tried and tested household names.
- by Elizabeth Knight
‘Worse than Lehman’: Wall Street’s rout triggers some GFC memories
It was just one of those days with losses so gigantic that solely looking at stocks wasn’t enough.
- by Ye Xie, Isabelle Lee, Amelia Pollard and Peyton Forte
Updated
World markets
Bloodbath: ASX enters correction with over $80bn wiped off sharemarket
The Australian sharemarket plunged more than 5 per cent at the open, marking its worst day since March 2020, when COVID-19 rattled investors.
- by Colin Kruger
Opinion
Sharemarket
On high alert: Markets a sea of red as they wait for the big reveal
With markets in turmoil, a critical moment for investors looms at this week’s Fed meeting.
- by Stephen Bartholomeusz
Has pop culture pariah WeWork turned the corner? This Aussie investor thinks so
When WeCrashed cameras stopped rolling on Jared Leto as WeWork founder Adam Neumann and Anne Hathaway as his wife Rebekah, the business went on.
- by Nick Bonyhady
Opinion
Inflation
Shock US inflation a rude reality check for already shaken markets
The Federal Reserve Board meets this week against the backdrop of a shock increase in inflation late on Friday, leaving chair Jerome Powell little choice but to raise rates for the third time this year.
- by Stephen Bartholomeusz